james16 Chart Thread

Quoting FXBat

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{quote} Hi Zamfir, followed your advise and studied James's charts. Please tell me if im looking in the right direction: I assume your entry on CADJPY was based on a touch of 50% FIb retrace + a resistance turned into support at 94.50 (red line) + TL? {image}

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Quoting mbqb11

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{quote} yes this is why most people give up on "pinbars' It's such a small small piece of the puzzle. A pinbar is just a bar , size of bar, close of bar, location of bar, story of price, putting together an entry and exit plan. These are the components that will determine a successful trader. Don't be discouraged it takes a lot of time and experience and trial and error to learn the goods from the bads. Post some of those 8 losses i'll be glad to show you what was wrong and then you can build off that Best Mike

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Quoting Xamarass

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{quote} Hi Mike and All, I attached my Trading Journal and a scrren shot of my bad sequence. Of course I undestood several of mistake I did but seems to my a bit strange a made only mistake ! I try to build a story for each trade looking at the big picture and drawing the S/R using weekly chart and trading mainly daily chart. You will find comments and details of my trads in the TradingJournal attached. Please note I start trading with PB since ealry august. Thanks if you want to comment my trades ! cheers Xam {file} {image}

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Quoting Xamarass

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{quote} Hi Mike and All, I attached my Trading Journal and a scrren shot of my bad sequence. Of course I undestood several of mistake I did but seems to my a bit strange a made only mistake ! I try to build a story for each trade looking at the big picture and drawing the S/R using weekly chart and trading mainly daily chart. You will find comments and details of my trads in the TradingJournal attached. Please note I start trading with PB since ealry august. Thanks if you want to comment my trades ! cheers Xam {file} {image}

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Quoting doerpn

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{quote} HI Xam, looking at at your trading journal I realize three things 1. you are trading a 1000,- ($,€....is irrelevant) account with up to 0,28 lots 2. your lots differ very strongly- seems to be no proper money management 3. several times you enter a trade some minutes later again - did you want to average down the entry? So without having seen your charts there are several things to optimize.....sorry.

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Quoting mbqb11

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{quote} Hey P Yes equities has pretty much been where the majority of my time has been trade wise I'm in a few others too but heres another that i'm close to closed out of. I entered on a slight pullback look at the beautiful pin at such a strong previous resistance point. I'll be out this week i'm sure we are right near my take profit where we have clear space running out. But i'm going to watch how we react at this major trouble area. If price can close above that area it could be off to the races into the bigger box and that midpoint. {image}...

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Quoting doerpn

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{quote} HI Xam, looking at at your trading journal I realize three things 1. you are trading a 1000,- ($,€....is irrelevant) account with up to 0,28 lots 2. your lots differ very strongly- seems to be no proper money management 3. several times you enter a trade some minutes later again - did you want to average down the entry? So without having seen your charts there are several things to optimize.....sorry.

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Quoting PhAnTi'

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{quote} Stuttgart

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Quoting Xamarass

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{quote} Hi deorpn, I stick to the rul of max loss=3% of equity , in a couple of cases I open two positions in few min because I make a mistake in the size calculation and the lot was tooo small so I open a second trade almost at the same time to have the right size I want to trade in my TradingPlan my intention was not to average the position. Thanks for your comments, I will post same chart included in my treading journal Cheers

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Quoting dan89

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{quote} Just a quick update. BEOB closing below the BRN but just inside of the lower trendline. I would like to see it either bounce up a little back to the BRN or close below today and look for a retrace before going short ...somehow Would of been nice to see that BEOB close below the trendline for a short. Chart is zoomed in just to show it more clearly. {image} Take care Dan

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Quoting mbqb11

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{quote} still holding this one we are right at where we would expect price to go. You could close up here with a fantastic profit. I'm waiting to see how we close out tomorrow. If we can close ABOVE this PPZ area it has a great chance to hold as support and make it's way to the midpoint of the next box. If we close under it i'll just close it out most likely. My stop is under this weeks low with a nice locked in profit as is {image}

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Quoting Xamarass

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{quote} ok it seems other mistake... since I start trading PIN bars I collected the biggest negative sequence of loosing trades (8 consecutives) This system probably doesn't fit me or morel likely no right way to see Price Chart. In any case one thing is correct in my trades (the size is no more than 3% ! ) Thanks Doerpn for your comment cheers Xam

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Quoting Xamarass

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Hi I was trading my BEOB bar (short - see blu bar) on AUDUSD when a nice PIN bar in the opposit direction cames (see red arrow) ! (the chart is daily) what is your opinion ? I would ilke to stay on my position but...... PS: in my trade, tp@0,91; sl@0,93 cheers Xam {image}

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Quoting dan89

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{quote} update: Again chart zoomed in, dont look at it this way. Just showing the 'details' {image} Take care Dan

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Quoting Kouroushi

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I'm short on that... What do you think guys... Do you think it will finally form a nice triangle? Cheers {image}

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Quoting albus999

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{quote} Kouroushi, I think its too optimistic to expect a move all the way to lower trendline you drew. Currently price is in a box and located at a midpoint and a very important historical PPZ so its best to look at price reaction here in the coming weeks. {image}

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Quoting dvimix

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{quote} Hi FXBat! Try give you my 5 cent. It s my vision this situation. {image} Zamfir is right, location, levels of sup and res. May be add some other confirmation (fibo, trend line etc) and it will give you more chances for success. Hope it give you some help, but it doesnt mean that Zamfir took his trade of this reasons, it is only my thoughts about this situation.

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Quoting FXBat

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{quote} thanks Dvimix for your view, its like i thought - touch trade after breakout and retest of S/R. what i like most about Zamfir's trades is that he most likely has a very good R:R - also James16 used to show entries like this with very low risk and a lot of space to go. Although from his charts i couldnt grasp so far 100% the reasons for entry, i still see this method as the certain path to success. i'll keep on studying

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Quoting mbqb11

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{quote} Lot variation is probably him position sizing based on the size of the bar. I'm most interested in the trade analysis, i'd like to go in and breakdown the thought process. You can't see things that you'll be able to see 6 months, a year, 5 years down the road early on. That's just the experience portion of it Best MIke

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